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Premier African Minerals Ltd gets its hands on 'exciting' limestone deposit

Premier African Minerals Ltd (LON:PREM) has completed the acquisition of a majority stake in TCT IF, a limestone and logging operation in Mozambique.

Chief executive George Roach tells Proactive: ''This is an extensive limestone deposit ... and early test work we've done indicates solubility for agricultural lime and adequate calcium carbonate levels for cement plus a whole variety of other industrial uses for lime''.

The limestone deposit is next to a railway linking Tete to Beira, with the forestry business already having infrastructure in place and generating revenue.

Quick facts: Premier African Minerals Ltd

Price: 0.0625 GBX

Market: AIM
Market Cap: £7.15 m

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on 11/09/2016

2 min read